Czech defence company CSG buys 9.5 per cent stake in MDA Space
Czech defence company CSG has bought a 9.5 per cent stake in MDA Space Ltd., making it the Canadian company's largest shareholder.
CSG says it views MDA Space as a strategic investment and sees opportunities to explore potential co-operation between the two companies over time.
CSG chair Michal Strnad says MDA Space is a highly respected, well led, profitable and growing space company with exceptional technological capabilities.
He pointed to the possibility of co-investing with MDA in manufacturing or assembly facilities in Europe and partnering on strategic acquisitions.
MDA Space CEO Mike Greenley welcomed the investment and said CSG is a leading European industrial group with a proven track record in building high-quality defence businesses.
MDA Space shares were down 23 cents at $39.95 in early-afternoon trading on the Toronto Stock Exchange.
This report by The Canadian Press was first published Oct. 13, 2026.
Companies in this story: (TSX:MDA)
Copyright 2026, The Canadian Press. All rights reserved.
TC Energy completes Indigenous investment deal in Coastal GasLink
TC Energy Corp. says it has closed a deal that gives five First Nations an economic interest in the Coastal GasLink pipeline, which brings natural gas from northeastern B.C. to the LNG Canada plant and export terminal in Kitimat, B.C.
Financial terms of the deal were not immediately available.
“This agreement turns years of partnership into long-term economic opportunity and shared prosperity,” François Poirier, president and chief executive of TC Energy, said in a news release Tuesday.
Under the agreement with the FN CGL Pipeline Ltd. Partnership, the First Nations have obtained an economic interest in the entity that holds TC Energy’s limited partner interest in Coastal GasLink. Its members include the Haisla Nation, Halfway River First Nation, McLeod Lake Indian Band, Saulteau First Nations and West Moberly First Nations.
"This investment framework recognizes the importance of partnership, financial certainty and shared prosperity, while supporting our communities’ ability to make decisions about our own economic future," Chief Roland Willson of West Moberly First Nations said in the release.
TC Energy operates Coastal GasLink and has a 35 per cent interest in the pipeline, with KKR & Co. and Alberta Investment Management Corp. holding the rest on behalf of certain clients.
Tuesday's deal is the first of two planned Indigenous investment transactions related to Coastal GasLink. TC Energy says a second transaction with another First Nations entity is expected to close in the fourth quarter of this year.
In 2022, TC Energy announced the signing of option agreements to sell a 10 per cent equity interest in the pipeline to Indigenous communities across the project corridor.
The company recently announced plans to double the existing capacity of the 670-kilometre Coastal GasLink pipeline, which feeds gas to LNG Canada, by adding new compressor stations and upgrading facilities.
For the second phase of the pipeline, LNG Canada — owned by Shell Canada and four Asian partners — is leading construction, limiting the Coastal GasLink owners' spending and cost and schedule risk. The Coastal GasLink partners remain owner and operator.
Construction is to begin in early 2027 and the pipeline is set to come into service in the early 2030s.
The decision came after LNG Canada announced a final greenlight for the Phase 2 expansion of its facility, which enables natural gas chilled into a liquid state to be shipped across the Pacific. The first phase started up in the summer of 2025.
This report by The Canadian Press was first published Oct. 13, 2026.
Companies in this story: (TSX:TRP)
By Lauren Krugel | Copyright 2026, The Canadian Press. All rights reserved.
Backstreet Boys' larger-than-life Toronto residency adds 12th show
The Backstreet Boys apparently refuse to quit playing games with our calendars.
The architects of late ‘90s teen-pop just tacked on another show at Rogers Centre, extending their blockbuster 2027 residency at the Toronto stadium to a staggering 12 shows.
The boy band announced on social media today that they are adding “one more show” to the run on Sunday, March 7.
Dubbed “Into the Millennium - Homecoming: Live in Canada,” the residency was originally announced as a four-night night run, kicking off Feb.12, before the group added more shows last week, citing “overwhelming demand.”
The 12-show run eclipses Taylor Swift’s historic six-night stand at the Rogers Centre in November 2024, when fans from around the world swarmed Toronto for the Eras Tour.
In a post on X, the Backstreet Boys expressed surprise at the demand for their shows: “We never thought you guys would be this excited,” they wrote.
The residency will be the band’s only North American stadium shows of 2027.
Canada was actually the launch pad for the Backstreet Boys in North America. Their 1995 track "We've Got It Goin' On" became a massive hit there well before they hit it big in the U.S.
Their music seemingly strikes a nostalgic chord with Canadian millennials — including Drake, who joined the band onstage during their last Toronto show in 2022 to sing their 1999 hit “I Want It That Way.”
This report by The Canadian Press was first published Oct. 13, 2026.
By Alex Nino Gheciu | Copyright 2026, The Canadian Press. All rights reserved.